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Sold for $1,400,000
    • $1,400,000

    701 S Olive Avenue #509, West Palm Beach, FL 33401

    2beds
    1,508sqft
    Condominium
    Built in 2008
    -- sqft lot
    $1,462,100 Zestimate®
    $928/sqft
    $7,444 Estimated rent

    Home value

    $1,462,100

    $1.33M - $1.62M

    $7,444/mo

    Zestimate® history
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    What's special

    Introducing a truly unique gem in the heart of downtown West Palm Beach in Two-City Plaza. The centerpiece of this residence is its expansive private terrace, seamlessly blending indoor and outdoor living. With a serene ambiance and the perfect spot for relaxation or entertaining, this terrace is a true oasis within the city. Upon entering this rare garden residence, you will be captivated by the soaring 14' ceilings, crown molding and detailing throughout this spacious home. The kitchen has been fully renovated, featuring beautiful quartzite countertops, a quartz stone farm sink, custom cabinetry and appliances. Whether you're an aspiring chef or a culinary enthusiast, this kitchen is a dream come true. The primary bedroom is a sanctuary of comfort and style, complete with an ensuite... bathroom and its very own private balcony looking out to the Palm Beach bridge. The spacious fitted closet ensures that you have ample storage for your wardrobe and accessories. The guest bedroom offers versatility as it can easily transform into an office or a cozy retreat for guests. 1-car garage parking and separate storage included. Amenities in this full-service building are endless; 24-hr security-concierge, roof top pool, hot tub, sauna, steam room, brand new fully-renovated state of the art gym, outdoor kitchen w/ BBQ area and all NEW Restoration Hardware furniture, outdoor & indoor movie theaters, club room, table tennis, lanai courtyard w/ water feature, fitness center, renovated roof top dog park area, complimentary valet parking & exceptional staff. Located in downtown West Palm Beach, you'll enjoy the convenience of city living, with access to vibrant shops, dining, minutes to beach, PBI airport and cultural attractions just minutes away. This one-of-a-kind residence at Two-City Plaza redefines urban living, offering a lifestyle of sophistication, comfort, and convenience. Don't miss the opportunity to call this remarkable property your new home in downtown West Palm Beach.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lori Cronican 509-254-1683,

    Douglas Elliman,

    Christopher Cronican 509-254-1608,

    Douglas Elliman

    Bought with:

    Non-Member

    Non-Member Selling Office

    Source: BeachesMLS,MLS#: R10929781MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    • Area: 186
    • Dimensions: 15 X 12.4
    Bedroom 2
    • Level: Main
    • Area: 114.48
    • Dimensions: 10.8 X 10.6
    Dining room
    • Level: Main
    • Area: 118.8
    • Dimensions: 11 X 10.8
    Kitchen
    • Level: Main
    • Area: 101.52
    • Dimensions: 10.8 X 9.4
    Living room
    • Level: Main
    • Area: 306
    • Dimensions: 18 X 17
    Heating
    • Central, Individual
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Water Heater, Washer
    • Laundry: Inside, Laundry Closet
    Features
    • Breakfast Bar, Built-in Features, Bathtub, Closet Cabinetry, Cathedral Ceiling(s), Dual Sinks, Entrance Foyer, Eat-in Kitchen, High Ceilings, Living/Dining Room, Custom Mirrors, Pantry, Storage, Soaking Tub, Separate Shower, Stacked Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
    • Flooring: Laminate, Marble
    • Windows: Blinds, Drapes, Sliding, Storm Window(s)
    Interior area
    • Total structure area: 1,508
    • Total interior livable area: 1,508 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Assigned, Garage, Guest
    • Garage spaces: 1
    Features
    • Entry location: Entry Level Living Area Y
    • Patio & porch: Covered, Open, Patio, Balcony
    • Exterior features: Balcony, Outdoor Living Area
    • Fencing: Fenced
    • Has view: Yes
    • View description: Garden
    • Waterfront features: None
    Details
    • Parcel number: 74434322410000509
    • Zoning: QGD-25
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Block
    Condition
    • Resale
    • New construction: No
    • Year built: 2008
    Details
    • Builder model: ''C1''
    • Builder name: Kolter Homes

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Home Owners Association, Property Manager On-Site, Street Lights
    • Security: Security System, Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Gated with Guard, Key Card Entry, Lobby Secured, Smoke Detector(s)
    • Subdivision: TWO CITY PLAZA CONDO
    HOA
    • Has HOA: Yes
    • Amenities included: Bike Storage, Clubhouse, Dog Park, Fitness Center, Library, Picnic Area, Sauna, Spa/Hot Tub, Storage, Sidewalks, Trail(s), Trash, Elevator(s)
    • Services included: Common Areas, Cable TV, Insurance, Sewer, Trash, Water, Internet
    • HOA fee: $1,478 monthly
    • HOA phone: 561-202-1902
    Location
    • Region: West Palm Beach

    Financial & listing details

    • Price per square foot: $928/sqft
    • Tax assessed value: $940,000
    • Annual tax amount: $12,476
    • Date on market: 10/23/2023
    • Cumulative days on market: 165 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/25/2024Sold$1,400,000-11.1%$928/sqft
    Source: BeachesMLS #R10929781 Report a problem
    4/5/2024Pending sale$1,575,000$1,044/sqft
    Source: Douglas Elliman #RX-10929781 Report a problem
    10/23/2023Listed for sale$1,575,000+50%$1,044/sqft
    Source: BeachesMLS #RX-10929781 Report a problem
    9/23/2022Sold$1,050,000-17.6%$696/sqft
    Source: BeachesMLS #R10821115 Report a problem
    8/13/2022Pending sale$1,275,000$845/sqft
    Source: BeachesMLS #RX-10821115 Report a problem
    8/11/2022Price change$1,275,000-1.9%$845/sqft
    Source: BeachesMLS #RX-10821115 Report a problem
    8/8/2022Listed for sale$1,300,000+92.6%$862/sqft
    Source: BeachesMLS #RX-10821115 Report a problem
    2/26/2021Sold$675,000$448/sqft
    Source: BeachesMLS #R10663123 Report a problem
    1/23/2021Pending sale$675,000$448/sqft
    Source: BeachesMLS #RX-10663123 Report a problem
    1/16/2021Contingent$675,000$448/sqft
    Source: BeachesMLS #RX-10663123 Report a problem
    10/14/2020Price change$675,000-2.9%$448/sqft
    Source: Luxe Life Realty LLC #RX-10663123 Report a problem
    7/1/2020Listed for sale$695,000$461/sqft
    Source: Luxe Life Realty LLC #RX-10635379 Report a problem
    6/1/2019Listing removed$695,000$461/sqft
    Source: Luxe Life Realty LLC #RX-10534149 Report a problem
    5/29/2019Listed for sale$695,000+48.2%$461/sqft
    Source: Luxe Life Realty LLC #RX-10534149 Report a problem
    5/6/2014Listing removed$469,000+19441.7%$311/sqft
    Source: Premier Real Estate Brokers #RX-9982020 Report a problem
    6/10/2012Listing removed$2,400$2/sqft
    Source: Premier Real Estate Brokers, LLC #R3284265 Report a problem
    5/26/2012Listed for sale$2,400-99.5%$2/sqft
    Source: Premier Real Estate Brokers, LLC #R3284265 Report a problem
    11/17/2011Listing removed$449,000$298/sqft
    Source: Mirsky Valore Report a problem
    11/12/2011Listed for sale$449,000+8.2%$298/sqft
    Source: Mirsky Valore Report a problem
    2/22/2010Sold$415,000$275/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,345 +5.6%$940,000 +5.6%
    2024$19,273 +4%$890,000 +4.7%
    2023$18,539 +48.6%$850,000 +52.7%
    2022$12,476 +30.3%$556,500 +22.3%
    2021$9,578 +0.5%$454,937 +1.4%
    2020$9,527 +1.6%$448,656 +2.3%
    2019$9,382 $438,569 +1.9%
    2018$9,382 +5.1%$430,392 +2.1%
    2017$8,923 +1.2%$421,540 +2.1%
    2016$8,818 +0.2%$412,870 +0.7%
    2015$8,799 -5.9%$410,000 +7.9%
    2014$9,348 +5.2%$380,000 +5.6%
    2013$8,888 -1.1%$360,000
    2012$8,991 -0.6%$360,000
    2011$9,046 -1.7%$360,000
    2010$9,199 -6.9%$360,000 -10%
    2009$9,885 $400,000
    Find assessor info on the county website

    Neighborhood: Downtown

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    Estimated market value
    $1,462,100
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    Estimated market value
    $1,462,100

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